Ezion Holdings Limited announced that it has secured a charter contract with a value of approximately USD 93.5 million over a 4.5 year period to provide a service rig to be used by a national oil major to support its oil & gas activities in North America. The Service Rig is expected to be deployed and working in the field of Sonda de Campeche by the third quarter of 2012 after its refurbishment and upgrading. The project will be funded through internal resources as well as bank borrowings.